MTG to sell Hungarian free-TV channels

MTG has signed an agreement to sell its Hungarian free-TV operations, comprising
the channels VIASAT3 and VIASAT6 and the catch-up service Viasat Play, to Sony
Pictures Television (SPT) Networks for an undisclosed cash consideration.
The main channel VIASAT3 was launched in 2000, when MTG acquired a majority
stake in the Budapest based TV-channel Alfa TV. VIASAT6 was launched in 2008 and
is skewed towards a younger and male oriented audience. Viasat Play was launched
in 2010. Both VIASAT3 and VIASAT6 are available on third party cable, DTH
satellite and IPTV networks in Hungary.

MTG’s pay-TV channels Viasat Explore, Viasat History and Viasat Nature, are not
part of the agreement, and will continue to be available to viewers in Hungary
through a variety of distributors.

“Our Hungarian channels were our first free-TV operations to be launched outside
Scandinavia and the Baltics. We are proud of what has been achieved by the
Hungarian team and are confident that the new owner will achieve further success
with the business. We are focusing our European Free-TV Emerging Markets
business on our scale and leading media houses in the Baltics, Bulgaria and the
Czech Republic.”

Jørgen Madsen Lindemann, MTG President and CEO

The transaction is subject to regulatory approval by the Hungarian competition
authority, and is expected to close during the second quarter of 2015.

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MTG (Modern Times Group MTG AB (publ.)) is an international entertainment group.
Our operations span six continents and include TV channels and platforms, online
services, content production businesses and radio stations. We are also the
largest shareholder in CTC Media, which is Russia’s leading independent media
company. Our shares are listed on Nasdaq OMX Stockholm (‘MTGA’ and ‘MTGB’).

The information in this announcement is that which MTG is required to disclose
according to the Securities Market Act and/or the Financial Instruments Trading
Act, and was released at 08.00 CET on 11 February 2015.